Tag: US
Bank of America Invites US Homeowners for Principal Reduction
There is good news for all borrowers having a mortgage deal with Bank of America because in the last week, it has been announced by this bank that many homeowners struggling with foreclosed properties who are eligible for loan modification will soon receive a letter on behalf of this lender stating that there will be…
Should You Buy Mortgage Protection or Term Life Insurance?
Car insurance- check. Health insurance-check. Life insurance-check. Mortgage protection life insurance–wait.. what? With so many different types of insurance you can purchase nowadays, it’s very easy to get insurance poor. Buying coverage on your home with mortgage life insurance teeters on the fence of being a bit too much. Before I get ahead of myself,…
Children are Suffering from the Adverse Impacts of the Foreclosure Crisis
A bipartisan advocacy agency in Washington DC, First Focus deals with family welfare. This agency has recently published a report which reveals that nearly 2.3 million US children have been affected due to this prolonged 5 year foreclosure crisis. Owing to the foreclosure crisis, all these children have lost their homes. According to their report,…
Another Foreclosure Tsunami to Hit Different States in the US
On the basis of different area based foreclosure reports, many people concluded that the foreclosure crisis would soon come to a conclusion because most of the reports showed a steep decline in foreclosure numbers. After the 49-state settlement with the five leading banks of the United States (Ally Financial, Bank of America, Citibank, JPMorgan Chase…
Foreclosure Scrutiny Against 8 Financial Institutions in the US
The federal regulators of the United States are getting ready to assault eight financial agencies of the country. These agencies were not included in the recent foreclosure settlement over various foreclosure issues involving improper foreclosure practices or fraudulent mortgage documentation. Recently, these agencies have raised questions about this settlement and also regarding the foreclosure problems…
Home Prices-4 Reasons They Will Not Crash-Home Price Index
Home Price Index Yesterday’s blog, “Foreclosure Homes Surge = Opportunity and Responsibility”, talked about the scary data showing foreclosures are on the rise. The banking settlement is behind us; the recent weak employment market; and tight loan underwriting on new mortgages; all of this bad news adds up to another banner year for foreclosures. I…